The $30 million pic, originally scheduled to roll in September, is set to start shooting on Nov. 23 in Luxembourg.

Cary Brokaw at Avenue Pictures is producing along with the U.K.’s Spice Factory, with international sales handled by Arclight Films.

Shakespeare’s classic play is the story of a rich merchant, Bassanio, in 16th century Venice who borrows money from a Jewish moneylender, Shylock, to help a friend woo a beautiful heiress, Portia. But the merchant faces mortal peril when he can’t repay the debt.